Business & Economy

Oil markets opened the week on a cautious but firm footing Monday, with crude prices edging higher as the absence of a U.S.-Iran peace deal continued to strangle supplies through...

OPEC+ has approved a production increase of 188,000 barrels per day for June, even as the United Arab Emirates formally exits the alliance, a departure that has laid bare the...

President Bola Tinubu's Federal Executive Council has greenlit the establishment of the Nigeria Aircraft Leasing Company (NALC), a landmark decision that aviation stakeholders say has been a long time coming....

Nigeria's House of Representatives has ordered eleven power distributors to refund N55.42 billion to the CBN after investigators concluded that the country's flagship metering program was a costly failure. The...

Global oil markets pushed higher on Friday as geopolitical tensions surrounding the Iran conflict showed no signs of easing, with diplomatic efforts stalled and military threats escalating on multiple fronts....

Global oil prices have hit a four-year high above $122 a barrel, pushing the world economy toward stagflation as U.S.-Iran peace efforts remain deadlocked. Brent crude futures surged past $121...

Dangote Petroleum Refinery, Africa's largest oil refining facility, announced a fresh upward review of its ex-depot price for Premium Motor Spirit (PMS), effective Wednesday. The refinery hiked the ex-depot price...

The Nigerian National Petroleum Company (NNPC) has seized on the U.S.-Iran conflict, sharply hiking the official selling prices of all 37 Nigerian crude grades for May loading cargoes in what...

The Central Bank of Nigeria (CBN) has released a draft guideline aimed at reducing banking charges and making borrowing costs more transparent for consumers. The proposed framework, unveiled in a...

Global oil prices climbed for an eighth day on Wednesday, driven by reports that President Trump is set to extend the Iranian port blockade, a move that could further tighten...